Whales with a lot of money to spend have taken a noticeably bullish stance on Exxon Mobil.
Looking at options history for Exxon Mobil XOM we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $107,062 and 9, calls, for a total amount of $2,248,132.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $42.5 to $115.0 for Exxon Mobil over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Exxon Mobil's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Exxon Mobil's whale trades within a strike price range from $42.5 to $115.0 in the last 30 days.
Exxon Mobil 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| XOM | CALL | TRADE | BULLISH | 06/20/25 | $65.00 | $1.6M | 163 | 398 |
| XOM | CALL | TRADE | BULLISH | 01/19/24 | $42.50 | $205.6K | 0 | 33 |
| XOM | CALL | SWEEP | BULLISH | 01/19/24 | $87.50 | $135.5K | 3.3K | 75 |
| XOM | CALL | TRADE | BEARISH | 01/19/24 | $50.00 | $71.3K | 175 | 13 |
| XOM | CALL | TRADE | BULLISH | 01/17/25 | $50.00 | $54.9K | 105 | 0 |
About Exxon Mobil
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 2.4 million barrels of liquids and 8.3 billion cubic feet of natural gas per day. At the end of 2022, reserves were 17.7 billion barrels of oil equivalent, 65% of which were liquids. The company is the world's largest refiner with a total global refining capacity of 4.6 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.
Exxon Mobil's Current Market Status
- With a volume of 3,284,672, the price of XOM is up 0.38% at $104.28.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 77 days.
Professional Analyst Ratings for Exxon Mobil
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $138.66666666666666.
- An analyst from JP Morgan has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $134.
- An analyst from UBS has decided to maintain their Buy rating on Exxon Mobil, which currently sits at a price target of $142.
- An analyst from Bernstein downgraded its action to Outperform with a price target of $140.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Exxon Mobil, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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